{"id":131248,"date":"2022-07-19T04:16:37","date_gmt":"2022-07-19T08:16:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131248"},"modified":"2022-10-06T04:37:28","modified_gmt":"2022-10-06T08:37:28","slug":"icici-prudential-life-insurance-company-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"ICICI Prudential Life Insurance Company Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"ICICI Prudential Life Insurance Company Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Vl8z4hW63_M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from ICICI Prudential Life Insurance Company Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/ICICIPRULI\/\">ICICIPRULI<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Sanketh Godha from Spark Capital asked about the reason for individual protection declining almost 40% in current year. N. S. Kannan MD replied that the company had challenges in retail protection and supply side challenges. \u00a0ICICIPRULI feels that in 3Q23, the retail protection business will see a YonY growth.<\/li>\n<\/ul>\n<ul>\n<li>Sanketh Godha of Spark Capital enquired about the reinsurance with respect to the group business. Satyan Jambunathan CFO said that the group business tends to be more of a class underwriting as opposed to individual underwriting. ICICIPRULI doesn\u2019t believe reinsurance is having any constraining influence or challenge as far as group business growth is concerned.<\/li>\n<\/ul>\n<ul>\n<li>Avinash Singh from Emkay Global asked if the reduction in steepness in the yield curve has had any impact on the non-par products saving margins. Satyan Jambunathan CFO replied that the yield curve steepness actually affects prospective pricing that ICICIPRULI offer to customers. It doesn\u2019t affect margins.<\/li>\n<\/ul>\n<ul>\n<li>Nidhesh Jain from Investec India also asked about growth in the next four years. N. S. Kannan MD replied that going forward, the company is cognizant of the priorities of some of the channel partners changing. So the guidance is, ICICIPRULI\u2019s VNB development, despite what happens to the top line would be broadly in line with the industry&#8217;s VNB development.<\/li>\n<\/ul>\n<ul>\n<li>Deepika Mundra of JPMorgan asked that on the regulatory front if there is a scope for the regulators contemplating using commissions as a tool to improve penetration in the industry. N. S. Kannan MD said nothing is heard on anything being looked at on the commission as a tool for funding the penetration.<\/li>\n<\/ul>\n<ul>\n<li>Deepika Mundra of JPMorgan asked that on higher inflation if the company is seeing any risk to any particular categories of products in terms of premium growth. N. S. Kannan MD said that if rates go up the demand for guaranteed products can get a little bit impacted.<\/li>\n<\/ul>\n<ul>\n<li>Madhukar Ladha with Elara Capital asked about the split in growth in group protection between GTI and credit protect. Satyan Jambunathan CFO said that at a broad level, within group, in 1Q23, credit life did much better than the group term.<\/li>\n<\/ul>\n<ul>\n<li>Madhukar Ladha with Elara Capital also asked what percentage of the annuity sales is the pension corpus converting into an annuity. Satyan Jambunathan CFO answered that the NPS conversion will still take some years to happen. The significant explosion in opportunity is like 5-10 years away. This is more of investing for the future.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from ICICI Prudential Life Insurance Company Ltd (ICICIPRULI) Q1 FY23 Earnings Concall Q&amp;A Highlights: Sanketh Godha from Spark Capital asked about the reason for individual protection declining almost 40% in current year. N. S. Kannan MD replied that the company had challenges in retail protection and supply side challenges. \u00a0ICICIPRULI feels that in [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"ICICI Prudential Life Insurance Company Ltd Q1 FY23 Earnings Conference Call Insights #ICICIPRULI #Q1 #FY23","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[1792,8233],"class_list":["post-131248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-financial-services","tag-insurance-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134823,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131248,"position":0},"title":"ICICI Prudential Life Insurance Company Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 18, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Valps13JSgQ Key highlights from ICICI Prudential Life Insurance Company Ltd (ICICIPRULI) Q2 FY23 Earnings Concall Management Update: ICICIPRULI said that during the half year, it added 15,000 new agents, 3 new banks and 44 non-bank partnerships. Q&A Highlights: [00:22:52] Swarnabha Mukherjee from B&K Securities asked about the ROP product as\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128483,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q4-fy22-earnings-conference-call-summary\/","url_meta":{"origin":131248,"position":1},"title":"ICICI Prudential Life Insurance Company Ltd Q4 FY22 Earnings Conference Call Summary","author":"Praveen","date":"April 18, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Fq2frLCHmSI Key highlights from ICICI Prudential Life Insurance Company Ltd (ICICIPRULI) Q4 FY22 Earnings Concall \u00a0Q&A Highlights: Arav Sangai from VT Capital asked about the increase in sensitivity on interest rates. Satyan Jambunathan CFO said the increase in sensitivity on interest rates is a consequence of the increase in the\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131358,"url":"https:\/\/alphastreet.com\/india\/hdfc-life-insurance-company-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131248,"position":2},"title":"HDFC Life Insurance Company Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 20, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Xn13N9KB_W4 Key highlights from HDFC Life Insurance Company Ltd (HDFCLIFE) Q1 FY23 Earnings Concall Management Update: HDFCLIFE said that its HDFC Pension crossed the 30,000 crore AUM mark, almost doubling its AUM in the last 15 months. As on June 30th, 2022, HDFC Pension had a market share of 38%,\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":155004,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-life-insurance-company-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":131248,"position":3},"title":"ICICI Prudential Life Insurance Company Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 18, 2023","format":false,"excerpt":"Key highlights from ICICI Prudential Life Insurance Company Ltd (ICICIPRULI) Q2 FY24 Earnings Concall Business Performance And Strategy ICICIPRULI's Value of New Business (VNB) for 1H24 was INR10.15 billion with 28.8% margin. Focus on absolute VNB growth through 4P strategy - premium growth, protection growth, persistency improvement, productivity enhancement. Annualized\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":138739,"url":"https:\/\/alphastreet.com\/india\/icici-prudential-limited-q3-fy23-consolidated-net-profit-down-by-23\/","url_meta":{"origin":131248,"position":4},"title":"ICICI Prudential Limited Q3 FY23; Consolidated Net Profit Down By 23%","author":"Hardik Bhandare","date":"January 18, 2023","format":false,"excerpt":"ICICI Prudential Limited (NSE: ICICIPRULI) reported a Revenue of \u20b917,535.13 Crores, a significant boost of 78% growth from the previous year. The Revenue was driven by Income from Investments which soared by almost 948% up to \u20b97,721.84 year on year. The Consolidated Net Profit for the business decreased by 23%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/700cdc2e-bc33-4a7f-b14a-03e890f4ed3e-1-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/700cdc2e-bc33-4a7f-b14a-03e890f4ed3e-1-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/700cdc2e-bc33-4a7f-b14a-03e890f4ed3e-1-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/700cdc2e-bc33-4a7f-b14a-03e890f4ed3e-1-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/700cdc2e-bc33-4a7f-b14a-03e890f4ed3e-1-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/700cdc2e-bc33-4a7f-b14a-03e890f4ed3e-1-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138742,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-on-icici-prudential-limited-for-q3-fy23\/","url_meta":{"origin":131248,"position":5},"title":"Earnings Summary On ICICI Prudential Limited For Q3 FY23","author":"Hardik Bhandare","date":"January 18, 2023","format":false,"excerpt":"ICICI Prudential Limited (NSE: ICICIPRULI) reported a Total Income of \u20b917,535.13 Crores, a significant boost of 78% growth from the previous year. The Revenue was driven by the Income from Investment which increased by 948% up to \u20b9 7,721.84 Crore year on year. Consolidated Net Profit for the business decreased\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-1.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-1.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131248"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}